Brokerages forecast that Servicemaster Global Holdings Inc (NYSE:SERV) will report sales of $863.18 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Servicemaster Global’s earnings. The lowest sales estimate is $855.70 million and the highest is $872.52 million. Servicemaster Global posted sales of $797.00 million in the same quarter last year, which suggests a positive year over year growth rate of 8.3%. The firm is expected to report its next quarterly earnings results on Tuesday, October 30th.

On average, analysts expect that Servicemaster Global will report full year sales of $3.13 billion for the current year, with estimates ranging from $3.12 billion to $3.15 billion. For the next fiscal year, analysts forecast that the business will report sales of $3.31 billion, with estimates ranging from $3.28 billion to $3.33 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Servicemaster Global.

Servicemaster Global (NYSE:SERV) last released its quarterly earnings data on Tuesday, July 17th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.05). Servicemaster Global had a return on equity of 27.27% and a net margin of 17.33%. The firm had revenue of $874.00 million during the quarter, compared to the consensus estimate of $860.00 million.

SERV has been the topic of a number of research reports. William Blair reaffirmed a “buy” rating on shares of Servicemaster Global in a research note on Tuesday, September 11th. Morgan Stanley set a $61.00 price objective on Servicemaster Global and gave the stock a “buy” rating in a research note on Thursday, September 13th. Zacks Investment Research downgraded Servicemaster Global from a “hold” rating to a “strong sell” rating in a research note on Friday, August 10th. Stifel Nicolaus initiated coverage on Servicemaster Global in a research note on Monday, July 23rd. They issued a “buy” rating and a $70.00 price objective on the stock. Finally, Buckingham Research set a $47.00 price objective on Servicemaster Global and gave the stock a “buy” rating in a research note on Thursday, September 13th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Servicemaster Global currently has an average rating of “Buy” and a consensus target price of $58.88.

NYSE:SERV traded up $0.11 during trading hours on Thursday, reaching $61.29. The stock had a trading volume of 1,306,300 shares, compared to its average volume of 771,951. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.03 and a quick ratio of 0.97. Servicemaster Global has a 52 week low of $43.75 and a 52 week high of $62.27. The company has a market cap of $8.20 billion, a price-to-earnings ratio of 29.05, a PEG ratio of 2.14 and a beta of 0.92.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SERV. SG Americas Securities LLC bought a new position in shares of Servicemaster Global during the 1st quarter valued at approximately $121,000. Victory Capital Management Inc. increased its position in shares of Servicemaster Global by 36.0% during the 1st quarter. Victory Capital Management Inc. now owns 53,513 shares of the business services provider’s stock valued at $2,721,000 after purchasing an additional 14,171 shares during the last quarter. Swiss National Bank grew its position in Servicemaster Global by 3.4% in the 1st quarter. Swiss National Bank now owns 234,907 shares of the business services provider’s stock valued at $11,945,000 after acquiring an additional 7,700 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in Servicemaster Global by 5.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 555,381 shares of the business services provider’s stock valued at $28,242,000 after acquiring an additional 30,147 shares during the last quarter. Finally, Aperio Group LLC grew its position in Servicemaster Global by 54.2% in the 1st quarter. Aperio Group LLC now owns 7,597 shares of the business services provider’s stock valued at $386,000 after acquiring an additional 2,670 shares during the last quarter.

Servicemaster Global Company Profile

ServiceMaster Global Holdings, Inc provides residential and commercial services in the United States. The company operates through three segments: Terminix, American Home Shield, and the Franchise Services Group. The Terminix segment offers termite and pest control services, including termite remediation, annual termite inspection, and prevention treatments with damage claim guarantees, periodic pest control services, insulation services, mosquito control, crawlspace encapsulation, and wildlife exclusion.

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Earnings History and Estimates for Servicemaster Global (NYSE:SERV)

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